Comparison of Bitmex vs Coinzoom [ 2024 ]

The crypto exchanges compared by their commissions, cryptos, security and much more. Here is the Bitmex vs Coinzoom comparison!

Your expert: Alejandro Borja

bitmex

Bitmex

  • Threenvest valuation: 4,1/5
  • US legal: No
  • Security: High 4,9/5
  • Mobile App: Yes
Go exchange

Investing risks losing your money

Your expert: Xavier Tarrasó

coinzoom

Coinzoom

  • Threenvest valuation: 3,6/5
  • US legal: Yes
  • Security: High 4,5/5
  • Mobile App: Yes
Go exchange

Investing risks losing your money

Main points

Fees

≤0,10%

Earns

Yes

Customer service

3/5
0,18%/0,44%

Fees

No

Earns

4/5

Customer service


Recommended for

Beginners

No

Trading

Yes

Passive income

Yes

Buy and hold

Yes
Yes

Beginners

Yes

Trading

No

Passive income

Yes

Buy and hold


Comparison of fees

Rating

4.2 – Competitive fees with a focus on leveraged trading.
3.9 – Competitive fees with additional benefits for cardholders.

Level

≤0,10%
0,18%/0,44%

Brief explanation

BitMEX’s commission structure is geared towards facilitating a dynamic trading environment, particularly favorable for traders who engage in high-volume trading. The platform primarily charges a trading fee based on the maker-taker model, where makers, who add liquidity to the market by placing limit orders, generally pay a lower fee compared to takers, who remove liquidity by executing against existing orders. The fees on BitMEX vary depending on the product being traded but are typically in the range of 0.025% to 0.075% for makers, which can actually go negative, effectively rewarding makers for adding liquidity. Takers, on the other hand, face fees from 0.075% to 0.25%. This competitive fee structure is particularly advantageous for frequent traders who can benefit from lower costs as their trading volume increases. Moreover, BitMEX does not charge fees for deposits or withdrawals, though standard blockchain network fees apply when withdrawing cryptocurrency. This aspect of the fee structure makes it straightforward and cost-effective for users to manage their funds, aligning with BitMEX’s user-centric approach to crypto trading.
CoinZoom implements a competitive and transparent fee structure, tailored to benefit both high-volume and casual traders. For spot trading, fees are tiered based on the trader’s 30-day trading volume, starting from 0.20% for both makers and takers, and decreasing with increased trading activity. This system incentivizes frequent trading while maintaining affordability for newer users. Additionally, CoinZoom’s derivatives trading includes a separate fee schedule, ensuring that fees remain competitive across different market conditions. Overall, the fee strategy at CoinZoom is designed to accommodate a wide range of trading strategies and volumes, making it an attractive platform for diverse trading needs.

Bitmex

bitmex
Read bitmex review
  • Security Methods: BitMEX employs robust security measures, including multi-factor authentication and manual checks for withdrawal processes. This comprehensive approach ensures that all transactions are secure and user funds are protected against unauthorized access.
  • Trading Volume and Liquidity: The platform is known for its high liquidity and substantial trading volume, which enables traders to execute large trades without significantly affecting the market price. This high volume and liquidity make it a preferred choice for serious traders looking for effective trade execution.
  • Reputation and Reviews: BitMEX has built a strong reputation in the cryptocurrency trading community, particularly among experienced traders who require advanced trading tools. Despite facing regulatory challenges, it maintains positive reviews for its technical capabilities and innovative financial products.
  • Year Founded: Established in 2014, BitMEX is one of the more seasoned platforms in the rapidly evolving crypto exchange landscape. Its longevity in the market speaks to its resilience and ability to adapt to the changing regulatory and technological environments.
  • Customer Service: BitMEX provides dedicated customer service that assists users with any inquiries or issues. The availability of responsive support helps in building trust and ensures that users can rely on prompt assistance whenever needed.
  • Pros
  • High leverage up to 100x.
  • Advanced trading features.
  • Robust derivative product offerings.
  • Cons
  • Regulatory scrutiny and legal issues.
  • High risk from leverage trading.

Read bitmex review

Coinzoom

coinzoom
Read bitmex review
  • Year Founded: Launched in 2021, CoinZoom has quickly established itself in the competitive crypto market, signaling robust infrastructure and strategic vision.
  • Customer Service: The platform is known for its responsive customer service, which is crucial for user trust and satisfaction, ensuring that any issues are promptly addressed.
  • Security Methods: CoinZoom employs stringent security protocols, ensuring the safety of user funds and information with state-of-the-art encryption and multi-factor authentication.
  • Reputation and Reviews: Although relatively new, CoinZoom has garnered positive reviews for its user-friendly interface and the innovative Flipster Earn Pool, enhancing its reputation among traders.
  • Volume Managed: CoinZoom handles a significant volume of trades, reflecting its capacity to manage high liquidity, which is essential for executing large trades efficiently.
  • Pros
  • User-friendly interface, easy navigation.
  • Strong security measures implemented.
  • Supports diverse cryptocurrency options.
  • Cons
  • Limited advanced trading tools.
  • Customer support options restricted.

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Product selection

Native token

No
No

Earns

Yes
No

NFT marketplace

No
No

Cripto/debit card

No
No

Company information

Full name

HDR Global Trading Limited
CoinZoom, Inc.

Regulation

Not regulated, enfrentó acciones legales en los EE. UU.
Regulated in the EE. UU.

Year founded

2014
2018

Founder

Arthur Hayes, Ben Delo, Samuel Reed
Todd Crosland

Payment methods

Transfers

No
Yes

Mastercard

No
Yes

Wire transfer

No
Yes

Card

No
Yes

Comparative table

Bitmex FEATURES Coinzoom
BitMEX allows for relatively small minimum trade sizes, making it accessible for traders who prefer to start with smaller amounts.
Minimum Trade
CoinZoom allows for flexible trading sizes, catering to both beginners and those looking to execute smaller transactions, making it highly accessible.
BitMEX offers competitive fees, especially for high-volume traders, but can be slightly on the higher side for low-volume or casual traders.
Trading and Transaction Fees
CoinZoom offers competitive trading fees, especially attractive for high-volume traders. Fees are tiered based on activity, encouraging more frequent trading.
While BitMEX supports major cryptocurrencies, its focus is more on derivatives and futures rather than providing a wide array of crypto assets.
Number of Cryptocurrencies
CoinZoom supports trading in over 120 cryptocurrencies, providing a diverse range of options for traders looking to explore different digital assets.
BitMEX provides a solid selection of trading pairs for major cryptocurrencies, especially in derivatives markets.
Crypto-to-Crypto Trading Pairs
The platform boasts a broad selection of crypto-to-crypto trading pairs, offering robust market depth and trading flexibility.
The platform is quite transparent about its terms, fees, and trading options, though some users may find the information overwhelming.
Website Transparency
CoinZoom’s website provides clear and detailed information on trading conditions and fees, though it could improve by offering more insights into its security practices and fund management.
BitMEX lacks a debit or credit card feature for spending or earning rewards, limiting its utility for everyday transactions compared to other exchanges that offer such cards.
Credit/Debit Card
Currently, CoinZoom does not offer a dedicated exchange card for in-store purchases or other benefits, which could be a point of improvement.
BitMEX provides secure storage options, but as a derivatives exchange, it does not emphasize wallet services like other exchanges.
Storage Offering
CoinZoom ensures the security of digital assets with cold storage solutions, enhancing safety against potential cyber threats.
Limited options for staking or earning rewards, as BitMEX is primarily a trading platform for derivatives.
Staking and Rewards
While CoinZoom offers some forms of passive income through its Flipster Earn Pool, it lacks a comprehensive range of staking options found on some other platforms.
Both mobile and desktop platforms are robust and well-designed, offering high functionality for trading on the go or at a workstation.
Mobile App and Desktop
CoinZoom provides a highly rated mobile app and desktop platform that are user-friendly, ensuring traders can operate efficiently on any device.
Customer service is adequate, with support channels available, but response times and resolution effectiveness can vary.
Customer Service
CoinZoom offers responsive customer service, though there is room to enhance support channels and decrease response times.
BitMEX supports efficient mechanisms for deposit and withdrawal, though primarily limited to cryptocurrency movements.
Deposit and Withdraw
Deposits and withdrawals are handled efficiently, with multiple crypto options available. However, adding support for fiat currencies could improve accessibility and convenience.

Key features

Analysis tools

High-level technical analysis tools, derivatives trading features
Advanced charting tools, indicators

Mobile APP

No
No

Security

High 4,9/5
High 4,5/5

Additional features

High leverage trading, futures contracts, perpetual contracts, BitMEX Academy
Crypto debit card, staking, ZoomMe payment service, CoinZoom Earn

Anonymity

No
No

Key points

Available cryptocurrencies

Primarily derivatives, few direct cryptocurrencies
50+

User-friendliness

BitMEX, while offering advanced trading features, has a relatively user-friendly interface. However, it may be more suited to those with some experience in trading due to its focus on leveraged trading.
CoinZoom provides a straightforward and easy-to-use platform that is ideal for beginners. The interface is clean and intuitive, making it easy to navigate and execute trades.

Value for money

Delivers reasonable value for money with competitive fees and advanced trading features, though its focus on leveraged trading may not suit all users.
Delivers reasonable value for money with competitive fees and a user-friendly platform, making it a good choice for beginners.

Countries of operation

Global, including United States, Canada, United Kingdom, Australia, Germany
United States, Canada, Europe, Australia, Singapore

Best for

Ideal for experienced traders interested in leveraged trading and advanced trading features.
Ideal for traders of all experience levels looking for a platform with a wide range of cryptocurrencies and competitive fees.

Base currencies available

BTC, USDT (for derivative products)
USD, BTC

Account

Trading

BitMEX is renowned for its derivatives trading and leverage options, making it ideal for experienced traders. However, it is not suitable for beginners due to its complexity and high-risk trading environment.
CoinZoom offers a secure platform with easy fiat integration and a wide range of cryptocurrencies. It has competitive fees but lower liquidity compared to larger exchanges.

Deposit and withdrawal

BitMEX focuses on cryptocurrency deposits and withdrawals, with no support for fiat currencies. Withdrawals are processed daily, and fees are minimal, but users must manage the timing of their requests.
CoinZoom provides multiple deposit options, including bank transfers and cryptocurrencies. Withdrawals are processed quickly, with competitive fees.

Account opening process

BitMEX has a straightforward account registration process, requiring personal information and identity verification. The process is quick and fully digital, making it easy for users to start trading within a short period.
CoinZoom provides a straightforward and fully digital account registration process. Users need to submit personal information and verify their identity. The process is quick and typically takes less than a day to complete.

KYC required?

Yes
Yes

Customer Service

BitMEX offers customer support through email and live chat. The support team is knowledgeable and responsive, but the absence of phone support and limited availability can be a disadvantage.
CoinZoom provides extensive customer support via email, live chat, and phone. The support team is responsive and available 24/7, making it reliable for users globally.

Security

BitMEX ensures security with 2FA, encryption, and cold storage. It is not regulated by top-tier financial authorities, which might be a concern for some users regarding the safety of their funds.
CoinZoom offers extensive security features, including 2FA and encryption. It is regulated by U.S. authorities, ensuring high security for investors.

Which of these exchanges is for you?

alejandro-borja-analista-de-brokers.webp

Alejandro Borja

As an expert reviewing cryptocurrency exchanges, I find BitMEX to be a compelling option for experienced traders who are looking for high leverage and sophisticated trading options. However, due to its complexity and the high risk associated with its leverage capabilities, I recommend it primarily for seasoned traders. New users should approach with caution and consider starting with smaller trades until they become more familiar with the platform’s functionalities.
Xavier-tarraso-mascarell.jpg

Xavier Tarrasó

As one of the experts reviewing CoinZoom here at our website, I must say that this platform truly impresses with its wide array of trading options and exceptional liquidity, especially for altcoins. CoinZoom’s innovative features, like the Flipster Earn Pool, provide both new and seasoned traders with unique opportunities to maximize their investments. Whether you’re looking to actively trade or earn passively, CoinZoom offers a comprehensive, user-friendly experience that caters well to the diverse needs of the crypto community.

View all comparisons against Bitmex

View all comparisons against Coinzoom

How do we review crypto exchanges?

At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.

 

We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).


For more details on the categories considered when rating brokers and our process, read our full methodology.

Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.

Neither Threenvest, nor the author, are recommending you to invest with this article.

More comparatives Bitmex and Coinzoom